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2021-08-23

Great

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2021-07-22

Great

Wall Street ends higher, powered by strong earnings, economic cheer

2021-07-22

Super shorted n now seem dead.

Carver Bancorp: Looking For Evidence Of Market Top? This May Be It

2021-07-12

$Carver(CARV)$hold?

2021-07-12

Great.

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2021-07-12

Latest

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2021-07-10

Wow..

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2021-07-03

Good!!

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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626899252,"share":"https://ttm.financial/m/news/2153477496?lang=&edition=fundamental","pubTime":"2021-07-22 04:27","market":"us","language":"en","title":"Wall Street ends higher, powered by strong earnings, economic cheer","url":"https://stock-news.laohu8.com/highlight/detail?id=2153477496","media":"Reuters","summary":"NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesda","content":"<p>NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.</p>\n<p>All three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.</p>\n<p>Economically sensitive smallcaps , semiconductors&nbsp;and financials&nbsp;outperformed the broader market.</p>\n<p>\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"</p>\n<p>A rebound in travel helped fuel United Airlines'&nbsp;revenue beat, boosting its stock by 3.8%.</p>\n<p>The S&amp;P 1500 Airlines index&nbsp;gained 3.3%, while the S&amp;P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.</p>\n<p>\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"</p>\n<p>Benchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.</p>\n<p>Wrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.</p>\n<p>The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&amp;P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, energy stocks</p>\n<p>were the big winners, jumping 3.5% with the help of surging crude prices .</p>\n<p>Second-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&amp;P 500 having posted results. Of those, 88% have beaten consensus expectations.</p>\n<p>Among the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&amp;P 500's largest percentage gain.</p>\n<p>Coca-Cola rose 1.3% after raising its full-year forecast.</p>\n<p>Interpuplic Group of Companies&nbsp;jumped 11.3% in the wake of its upbeat earnings release.</p>\n<p>Drugmaker Johnson &amp; Johnson&nbsp;forecast $2.5 billion in sales from its <a href=\"https://laohu8.com/S/AONE.U\">one</a>-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.</p>\n<p>On the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&amp;P 500.</p>\n<p>Harley-Davidson's&nbsp; second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.</p>\n<p>Texas Instruments&nbsp;dipped more than 3% in extended trading following results posted after the bell.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.</p>\n<p>Volume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends higher, powered by strong earnings, economic cheer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends higher, powered by strong earnings, economic cheer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-22 04:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.</p>\n<p>All three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.</p>\n<p>Economically sensitive smallcaps , semiconductors&nbsp;and financials&nbsp;outperformed the broader market.</p>\n<p>\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"</p>\n<p>A rebound in travel helped fuel United Airlines'&nbsp;revenue beat, boosting its stock by 3.8%.</p>\n<p>The S&amp;P 1500 Airlines index&nbsp;gained 3.3%, while the S&amp;P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.</p>\n<p>\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"</p>\n<p>Benchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.</p>\n<p>Wrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.</p>\n<p>The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&amp;P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, energy stocks</p>\n<p>were the big winners, jumping 3.5% with the help of surging crude prices .</p>\n<p>Second-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&amp;P 500 having posted results. Of those, 88% have beaten consensus expectations.</p>\n<p>Among the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&amp;P 500's largest percentage gain.</p>\n<p>Coca-Cola rose 1.3% after raising its full-year forecast.</p>\n<p>Interpuplic Group of Companies&nbsp;jumped 11.3% in the wake of its upbeat earnings release.</p>\n<p>Drugmaker Johnson &amp; Johnson&nbsp;forecast $2.5 billion in sales from its <a href=\"https://laohu8.com/S/AONE.U\">one</a>-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.</p>\n<p>On the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&amp;P 500.</p>\n<p>Harley-Davidson's&nbsp; second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.</p>\n<p>Texas Instruments&nbsp;dipped more than 3% in extended trading following results posted after the bell.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.</p>\n<p>Volume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153477496","content_text":"NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.\nAll three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.\nEconomically sensitive smallcaps , semiconductors and financials outperformed the broader market.\n\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"\nA rebound in travel helped fuel United Airlines' revenue beat, boosting its stock by 3.8%.\nThe S&P 1500 Airlines index gained 3.3%, while the S&P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.\n\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"\nBenchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.\nWrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.\nThe Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.\nOf the 11 major sectors in the S&P 500, energy stocks\nwere the big winners, jumping 3.5% with the help of surging crude prices .\nSecond-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&P 500 having posted results. Of those, 88% have beaten consensus expectations.\nAmong the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&P 500's largest percentage gain.\nCoca-Cola rose 1.3% after raising its full-year forecast.\nInterpuplic Group of Companies jumped 11.3% in the wake of its upbeat earnings release.\nDrugmaker Johnson & Johnson forecast $2.5 billion in sales from its one-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.\nOn the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&P 500.\nHarley-Davidson's  second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.\nTexas Instruments dipped more than 3% in extended trading following results posted after the bell.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.\nThe S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.\nVolume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176570881,"gmtCreate":1626910049243,"gmtModify":1703480254709,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Super shorted n now seem dead.","listText":"Super shorted n now seem dead.","text":"Super shorted n now seem dead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176570881","repostId":"1129519319","repostType":2,"repost":{"id":"1129519319","kind":"news","pubTimestamp":1626164343,"share":"https://ttm.financial/m/news/1129519319?lang=&edition=fundamental","pubTime":"2021-07-13 16:19","market":"us","language":"en","title":"Carver Bancorp: Looking For Evidence Of Market Top? This May Be It","url":"https://stock-news.laohu8.com/highlight/detail?id=1129519319","media":"seekingalpha","summary":"Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank","content":"<p><b>Summary</b></p>\n<ul>\n <li>In four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.</li>\n <li>Knowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank.</li>\n <li>When the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top.</li>\n <li>Record-high market valuations have spooked me for a while.</li>\n <li>When a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.</li>\n</ul>\n<p><b>Stock Price Action - Carver Bank</b></p>\n<p>Having been in the banking industry 41 years, I thought I saw everything until this past week.</p>\n<p>Check out two price charts for Carver Bancorp, Inc. (CARV). On July 7th, this $676 million New York City bank closed around $10 a share. By July 9th, the stock jumped to over $40 a share before closing the day at $26.50, up 21% for the day and 141% for the week.</p>\n<p>Year-to-date Carver is up 308% after ending 2020 at $6.49 a share.</p>\n<p><img src=\"https://static.tigerbbs.com/86748046ac35874a5689436bbe62a34b\" tg-width=\"640\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p>\n<p>What's the Story?</p>\n<p>The story is there is no story.</p>\n<p>At least not a compelling one for investors.</p>\n<p>According to www.thestreet.com, the catalyst for Carver's climb was asubreddit called r/carvstock that described Carver as \"blasting up\" and \"$CARV to the moon\" as two reasons to buy shares in this this small bank with 3.468 million shares.</p>\n<p><b>Carver Since 1994</b></p>\n<p>The moon is 238,855 miles from earth which is about as far as Carver's stock price has fallen since 2003 when it peaked at $397.50 compared to $26.50 at market close on July 9.</p>\n<p><b>A Rare \"Triple F\" Bank</b></p>\n<p>Regular readers of my articles know that I focus on banks.</p>\n<p>As a rule, I write about great banks and deliberately avoid writing about poor performers. Life is too short to own a bank that cannot produce a consistent and durable return on equity that exceeds its cost of capital.</p>\n<p>While I would prefer to not write about underperforming banks that persistently fail to achieve returns sufficient to cover their cost of capital, I need to make an exception with Carver given its crazy recent price action.</p>\n<p>Carver's soaring stock price may be telling a much bigger story than what meets the eye. We may be seeing evidence of what happens to a high-flying market when an industry's habitually worst performers see their valuations inflate five times over historic average.</p>\n<p>In my database of 274 banks that have traded publicly since 2004, Carver is one of only three banks to earn a \"Triple F\" for Risk-Adjusted Return on Equity over 16 years, 10 years, and 5 years. To qualify for this distinction, a bank must be among the bottom 5% of all banks in Risk-Adjusted Return on Equity for all three timeframes.</p>\n<p>Here is a chart reflecting FDIC data showing the quarterly Net Income after Taxes and Return on Equity for Carver since 2003. During the past year it has lost $3 million, past 10 years $28 million, and since 2003, $38 million. The bank's average Return on Equity since 2003 is -3.7%, and for the past ten years it has an average Return on Equity of -4.6%. Profitability has not improved during the past year or for the quarter ending March 31, 2021. During the past decade the bank has paid no taxes; in fact, it shows $26,000 in net refunds during this time.</p>\n<p><img src=\"https://static.tigerbbs.com/baef357c501228f4a509573678ff45af\" tg-width=\"556\" tg-height=\"323\" referrerpolicy=\"no-referrer\"></p>\n<p>Net Interest Margin trends are unfavorable. Net Interest Margin is shrinking as Yields have declined at a faster rate than the improvement in Cost of Funds. Net Interest Margin as of quarter ending March 31, 2021, is 78 basis points below the average since 2003. The big drop is driven by a 166 basis point decline in the Yield of its assets.</p>\n<p>The bank's Efficiency Ratio is improving but remains among the worst among all US banks. See the orange line in the chart below. A principal drag on the poor Efficiency Ratio is the bank's Non-Interest Expenses (blue line) which remain unfavorably elevated in comparison to peers.</p>\n<p><img src=\"https://static.tigerbbs.com/8ea34d130fdc70914245f355c5e43623\" tg-width=\"555\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></p>\n<p>There is good news as Net Loan Charge-offs have stabilized over the past decade as seen below from the blue line. Before getting too excited about improving credit quality, there are reasons to think the charge-off ratio could go south soon.</p>\n<ul>\n <li>The bank's Texas Ratio hit a five-year high at the end of Q1 2021 (29.6 per Bankregdata)</li>\n <li>The percentage of Non-Performing Assets at the end of the recent quarter was the highest in three years (2.12% per Bankregdata).</li>\n <li>Total delinquent loans were 7.13% on March 31; not good.</li>\n</ul>\n<p>I could go on and review other factors that raise concern (like percentage of brokered deposits, loan mix that tips heavy to non-owner real estate, commercial real estate concentration), but I will stop here.</p>\n<p>Lofty Valuation Not Justified</p>\n<p>As of July 9, CARV is selling at a Price to Tangible Book Value of 3.46, up from 1.34 at the end of June and .65 as of September 30, 2020. These numbers compare to about 2.0 Price to TBV for the industry, a number rich in my view but in line with the 20-year average. On a good day, Carver's fair value is 1.0 to 1.2 Price to TBV. Good times are almost certain to not last for the shareholders who jumped on CARV this past week; a reversion to the historic average valuation seems inevitable.</p>\n<p><img src=\"https://static.tigerbbs.com/7e94e76b99ac2f0ca0f0f3f7669ec338\" tg-width=\"553\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></p>\n<p>Carver's 3rd Largest Shareholder Sells</p>\n<p>Carver’s third largest shareholder knows that the bank's days of lofty valuations are temporary. On July 8 he filed anSEC reportshowing he no longer owns any CARV shares. AJune SEC filingindicated he owned 153,438 shares, equivalent to about 5% of the company.</p>\n<p><b>Risk Tolerance, Final Thoughts</b></p>\n<p>My favorite macro-charts flash market valuation warnings:</p>\n<ul>\n <li>Market Cap to GDP (Buffett's preferred market valuation chart)</li>\n <li>S&amp;P 500 dividend yield/earnings yield</li>\n <li>Shiller CAPE ratio</li>\n</ul>\n<p>Each investor needs to draw his or her own conclusion about their appetite for risk in today's lofty market. Individual equity selection and portfolio construction require extra due diligence when stock indices consistently reach new highs.</p>\n<p>Specific to Carver, the risk of an imminent collapse in valuation appears high. Of course, it is remotely possible that Carver is on the brink of a major announcement that has leaked into the market, but that is a dubious proposition. Even a merger would not produce a valuation close to where Carver ended the day on July 9.</p>\n<p>As for me, I do not want to exaggerate the influence of one small bank on my tolerance for risk, but at the same time, when viewed across the landscape of record and near-record market valuations, Carver Bank's nutty recent jump in price is one more factor forcing me to ask if the market is about to run out of gas?</p>\n<p>It has been a great run since March of last year. I plan to cash in some chips this week in my non-taxable accounts and prepare for a correction that may or may not occur later this year.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carver Bancorp: Looking For Evidence Of Market Top? This May Be It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarver Bancorp: Looking For Evidence Of Market Top? This May Be It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.\nKnowing a good thing when he sees it, the third ...</p>\n\n<a href=\"https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CARV":"卡弗储蓄"},"source_url":"https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1129519319","content_text":"Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.\nKnowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank.\nWhen the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top.\nRecord-high market valuations have spooked me for a while.\nWhen a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.\n\nStock Price Action - Carver Bank\nHaving been in the banking industry 41 years, I thought I saw everything until this past week.\nCheck out two price charts for Carver Bancorp, Inc. (CARV). On July 7th, this $676 million New York City bank closed around $10 a share. By July 9th, the stock jumped to over $40 a share before closing the day at $26.50, up 21% for the day and 141% for the week.\nYear-to-date Carver is up 308% after ending 2020 at $6.49 a share.\n\nWhat's the Story?\nThe story is there is no story.\nAt least not a compelling one for investors.\nAccording to www.thestreet.com, the catalyst for Carver's climb was asubreddit called r/carvstock that described Carver as \"blasting up\" and \"$CARV to the moon\" as two reasons to buy shares in this this small bank with 3.468 million shares.\nCarver Since 1994\nThe moon is 238,855 miles from earth which is about as far as Carver's stock price has fallen since 2003 when it peaked at $397.50 compared to $26.50 at market close on July 9.\nA Rare \"Triple F\" Bank\nRegular readers of my articles know that I focus on banks.\nAs a rule, I write about great banks and deliberately avoid writing about poor performers. Life is too short to own a bank that cannot produce a consistent and durable return on equity that exceeds its cost of capital.\nWhile I would prefer to not write about underperforming banks that persistently fail to achieve returns sufficient to cover their cost of capital, I need to make an exception with Carver given its crazy recent price action.\nCarver's soaring stock price may be telling a much bigger story than what meets the eye. We may be seeing evidence of what happens to a high-flying market when an industry's habitually worst performers see their valuations inflate five times over historic average.\nIn my database of 274 banks that have traded publicly since 2004, Carver is one of only three banks to earn a \"Triple F\" for Risk-Adjusted Return on Equity over 16 years, 10 years, and 5 years. To qualify for this distinction, a bank must be among the bottom 5% of all banks in Risk-Adjusted Return on Equity for all three timeframes.\nHere is a chart reflecting FDIC data showing the quarterly Net Income after Taxes and Return on Equity for Carver since 2003. During the past year it has lost $3 million, past 10 years $28 million, and since 2003, $38 million. The bank's average Return on Equity since 2003 is -3.7%, and for the past ten years it has an average Return on Equity of -4.6%. Profitability has not improved during the past year or for the quarter ending March 31, 2021. During the past decade the bank has paid no taxes; in fact, it shows $26,000 in net refunds during this time.\n\nNet Interest Margin trends are unfavorable. Net Interest Margin is shrinking as Yields have declined at a faster rate than the improvement in Cost of Funds. Net Interest Margin as of quarter ending March 31, 2021, is 78 basis points below the average since 2003. The big drop is driven by a 166 basis point decline in the Yield of its assets.\nThe bank's Efficiency Ratio is improving but remains among the worst among all US banks. See the orange line in the chart below. A principal drag on the poor Efficiency Ratio is the bank's Non-Interest Expenses (blue line) which remain unfavorably elevated in comparison to peers.\n\nThere is good news as Net Loan Charge-offs have stabilized over the past decade as seen below from the blue line. Before getting too excited about improving credit quality, there are reasons to think the charge-off ratio could go south soon.\n\nThe bank's Texas Ratio hit a five-year high at the end of Q1 2021 (29.6 per Bankregdata)\nThe percentage of Non-Performing Assets at the end of the recent quarter was the highest in three years (2.12% per Bankregdata).\nTotal delinquent loans were 7.13% on March 31; not good.\n\nI could go on and review other factors that raise concern (like percentage of brokered deposits, loan mix that tips heavy to non-owner real estate, commercial real estate concentration), but I will stop here.\nLofty Valuation Not Justified\nAs of July 9, CARV is selling at a Price to Tangible Book Value of 3.46, up from 1.34 at the end of June and .65 as of September 30, 2020. These numbers compare to about 2.0 Price to TBV for the industry, a number rich in my view but in line with the 20-year average. On a good day, Carver's fair value is 1.0 to 1.2 Price to TBV. Good times are almost certain to not last for the shareholders who jumped on CARV this past week; a reversion to the historic average valuation seems inevitable.\n\nCarver's 3rd Largest Shareholder Sells\nCarver’s third largest shareholder knows that the bank's days of lofty valuations are temporary. On July 8 he filed anSEC reportshowing he no longer owns any CARV shares. AJune SEC filingindicated he owned 153,438 shares, equivalent to about 5% of the company.\nRisk Tolerance, Final Thoughts\nMy favorite macro-charts flash market valuation warnings:\n\nMarket Cap to GDP (Buffett's preferred market valuation chart)\nS&P 500 dividend yield/earnings yield\nShiller CAPE ratio\n\nEach investor needs to draw his or her own conclusion about their appetite for risk in today's lofty market. Individual equity selection and portfolio construction require extra due diligence when stock indices consistently reach new highs.\nSpecific to Carver, the risk of an imminent collapse in valuation appears high. Of course, it is remotely possible that Carver is on the brink of a major announcement that has leaked into the market, but that is a dubious proposition. Even a merger would not produce a valuation close to where Carver ended the day on July 9.\nAs for me, I do not want to exaggerate the influence of one small bank on my tolerance for risk, but at the same time, when viewed across the landscape of record and near-record market valuations, Carver Bank's nutty recent jump in price is one more factor forcing me to ask if the market is about to run out of gas?\nIt has been a great run since March of last year. I plan to cash in some chips this week in my non-taxable accounts and prepare for a correction that may or may not occur later this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146700716,"gmtCreate":1626098219735,"gmtModify":1703753352744,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CARV\">$Carver(CARV)$</a>hold?","listText":"<a 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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626899252,"share":"https://ttm.financial/m/news/2153477496?lang=&edition=fundamental","pubTime":"2021-07-22 04:27","market":"us","language":"en","title":"Wall Street ends higher, powered by strong earnings, economic cheer","url":"https://stock-news.laohu8.com/highlight/detail?id=2153477496","media":"Reuters","summary":"NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesda","content":"<p>NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.</p>\n<p>All three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.</p>\n<p>Economically sensitive smallcaps , semiconductors&nbsp;and financials&nbsp;outperformed the broader market.</p>\n<p>\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"</p>\n<p>A rebound in travel helped fuel United Airlines'&nbsp;revenue beat, boosting its stock by 3.8%.</p>\n<p>The S&amp;P 1500 Airlines index&nbsp;gained 3.3%, while the S&amp;P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.</p>\n<p>\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"</p>\n<p>Benchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.</p>\n<p>Wrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.</p>\n<p>The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&amp;P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, energy stocks</p>\n<p>were the big winners, jumping 3.5% with the help of surging crude prices .</p>\n<p>Second-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&amp;P 500 having posted results. Of those, 88% have beaten consensus expectations.</p>\n<p>Among the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&amp;P 500's largest percentage gain.</p>\n<p>Coca-Cola rose 1.3% after raising its full-year forecast.</p>\n<p>Interpuplic Group of Companies&nbsp;jumped 11.3% in the wake of its upbeat earnings release.</p>\n<p>Drugmaker Johnson &amp; Johnson&nbsp;forecast $2.5 billion in sales from its <a href=\"https://laohu8.com/S/AONE.U\">one</a>-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.</p>\n<p>On the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&amp;P 500.</p>\n<p>Harley-Davidson's&nbsp; second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.</p>\n<p>Texas Instruments&nbsp;dipped more than 3% in extended trading following results posted after the bell.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.</p>\n<p>Volume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends higher, powered by strong earnings, economic cheer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends higher, powered by strong earnings, economic cheer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-22 04:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.</p>\n<p>All three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.</p>\n<p>Economically sensitive smallcaps , semiconductors&nbsp;and financials&nbsp;outperformed the broader market.</p>\n<p>\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"</p>\n<p>A rebound in travel helped fuel United Airlines'&nbsp;revenue beat, boosting its stock by 3.8%.</p>\n<p>The S&amp;P 1500 Airlines index&nbsp;gained 3.3%, while the S&amp;P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.</p>\n<p>\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"</p>\n<p>Benchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.</p>\n<p>Wrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.</p>\n<p>The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&amp;P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, energy stocks</p>\n<p>were the big winners, jumping 3.5% with the help of surging crude prices .</p>\n<p>Second-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&amp;P 500 having posted results. Of those, 88% have beaten consensus expectations.</p>\n<p>Among the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&amp;P 500's largest percentage gain.</p>\n<p>Coca-Cola rose 1.3% after raising its full-year forecast.</p>\n<p>Interpuplic Group of Companies&nbsp;jumped 11.3% in the wake of its upbeat earnings release.</p>\n<p>Drugmaker Johnson &amp; Johnson&nbsp;forecast $2.5 billion in sales from its <a href=\"https://laohu8.com/S/AONE.U\">one</a>-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.</p>\n<p>On the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&amp;P 500.</p>\n<p>Harley-Davidson's&nbsp; second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.</p>\n<p>Texas Instruments&nbsp;dipped more than 3% in extended trading following results posted after the bell.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.</p>\n<p>Volume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153477496","content_text":"NEW YORK, July 21 (Reuters) - Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.\nAll three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.\nEconomically sensitive smallcaps , semiconductors and financials outperformed the broader market.\n\"It’s a seesaw going on between great earnings and a recovering market and concerns over whether the economy is going to slow down because of the (COVID-19) Delta variant,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"But we’re seeing strong earnings with generally positive guidance, and the feeling that (the Delta variant) can be managed.\"\nA rebound in travel helped fuel United Airlines' revenue beat, boosting its stock by 3.8%.\nThe S&P 1500 Airlines index gained 3.3%, while the S&P 1500 Hotels, Restaurant and Leisure index advanced 2.9%.\n\"Earlier in the week those stocks suffered because of renewed fears that travel will slow down and all related industries will suffer, but those fears have gone away,\" Tuz added. \"Demand is continuing as expected, I don’t think the Delta fear is causing people to change their plans.\"\nBenchmark U.S. Treasury yields continued their bounce from five-month lows following a weak 20-year bond auction, which benefited rate-sensitive banks.\nWrangling in Washington over the passage of a bipartisan $1.2 trillion infrastructure package progressed as Senate Democrats moved toward a planned procedural vote despite Republican appeals for a delay.\nThe Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.\nOf the 11 major sectors in the S&P 500, energy stocks\nwere the big winners, jumping 3.5% with the help of surging crude prices .\nSecond-quarter reporting season has shifted into overdrive, with 73 of the companies in the S&P 500 having posted results. Of those, 88% have beaten consensus expectations.\nAmong the winners, Chipotle Mexican Grill jumped 11.5% after the burrito chain beat earnings estimates and forecast strong current-quarter sales growth. The stock boasted the S&P 500's largest percentage gain.\nCoca-Cola rose 1.3% after raising its full-year forecast.\nInterpuplic Group of Companies jumped 11.3% in the wake of its upbeat earnings release.\nDrugmaker Johnson & Johnson forecast $2.5 billion in sales from its one-shot COVID vaccine this year and hiked its sales estimates. It closed up a modest 0.6%.\nOn the losing side, Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3%, the second-largest percentage loser in the S&P 500.\nHarley-Davidson's  second-quarter earnings release showed its turnaround plan appeared to be making progress, but the company lowered its operating income guidance due to tariffs from Europe, its second-biggest market. Its stock dropped 7.2%.\nTexas Instruments dipped more than 3% in extended trading following results posted after the bell.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.21-to-1 ratio favored advancers.\nThe S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 34 new lows.\nVolume on U.S. exchanges was 9.13 billion shares, compared with the 10.17 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832772252,"gmtCreate":1629679807276,"gmtModify":1676530093677,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832772252","repostId":"1128033677","repostType":2,"repost":{"id":"1128033677","kind":"news","pubTimestamp":1629603975,"share":"https://ttm.financial/m/news/1128033677?lang=&edition=fundamental","pubTime":"2021-08-22 11:46","market":"us","language":"en","title":"Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128033677","media":"investors","summary":"Bull market, bear market, or trend-less market? Regardless ofwhat stage of the market cycle we're in","content":"<p>Bull market, bear market, or trend-less market? Regardless ofwhat stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy.</p>\n<p>And who doesn't love a bargain? After all, the lure of finding a stock that triples from $1 to $3 a share, or quintuples from $5 to $25, may prove irresistible.</p>\n<p>Are there any unique problems or subtle challenges with this strategy of hunting cheap stocks to buy? Yes. Let's consider a few.</p>\n<p>Hundreds of stocks trade at a \"low\" price on both the Nasdaq and the NYSE. So, how can you pick the winners consistently?</p>\n<p>Here's another problem: IBD research consistently finds that dozens, if not hundreds, of great stocks each year do not start out as penny shares. Most institutional money managers don't touch cheap stocks. Imagine a large-cap mutual fund trying to buy a meaningful stake in a stock that has been trading a dollar a share. If it has thin trading volume, the fund manager will have an awfully tough time accumulating shares without making a big impact on the stock price.</p>\n<p>Solid, increasing institutional buying makes upthe I in CAN SLIM, IBD's seven-factor paradigm ofsuccessful investing in growth stocks.</p>\n<p><b>Cheap Stocks To Buy: First, Understand These Pitfalls</b></p>\n<p>Another cold, hard truth that proponents of penny stocks don't tell you? Many low-priced shares stay low for a very long time.</p>\n<p>So, if your hard-earned money is tied up in a 50-cent stock that fails to generate meaningful capital appreciation, you might not only be nursing a losing stock. You also face the lost opportunity of investing in atrue stock market leader in Leaderboardor a member of theIBD 50, theLong-Term Leaders, orIBD Big Cap 20.</p>\n<p>Let's consider<b>Zoom Video</b>(ZM) and telemedicine pioneer<b>Teladoc</b>(TDOC) in 2020, after the coronavirus bear market ended. These two and many others traded at an \"expensive\" price when they broke out to new 52-week highs and began magnificent rallies. But the quality of their business, the supercharged growth in fundamentals, and significant buying by top-rated mutual funds affirmed that their premium share prices signaled a high level of quality.</p>\n<p>Zoom Video, after clearing adeep cup baseat 107.44 in February 2020, went on to rise nearly sixfold to its 2020 peak at 588. Today? Zoom stock is forming anew baseand testing buying support at the50-day moving average. Last month, ZM joinedSwingTraderas a new position.</p>\n<p>Teladocroared past an 86.40proper buy pointin mid-January 2020. Seven months later, the stock hit 253, up 193%. Today? TDOC stock is trying to climb back above its key50-day moving average, a critical technical level of medium-term price support and price resistance. Like Zoom, Teladoc is also deep in the weeds ofbuilding a new base.</p>\n<p><b>Zoom And Teladoc Aren't Alone</b></p>\n<p>Leaderboard member<b>Adobe</b>(ADBE) cleared a 157.99 entry in afive-week flat basein the week ended Oct. 20, 2017. The megacap tech marked a new high of 536 in early September 2020 before cooling off. And the video editing, document management, and data analytics software giant recently staged anothernew breakoutpast anew buy point, this time at 525.54.</p>\n<p>ADBE stock has rallied sharply, gaining more than 20%. Adobe has been a mainstay on theIBD Long-Term Leaders.</p>\n<p>Still, can you employ theCAN SLIM strategyfor cheap stocks to buy as well?</p>\n<p><b>5 Cheap Stocks To Watch And Buy</b></p>\n<p>TheIBD Stock Screenerfilters cheap stocks that not only trade at $10 or less per share. Some also carry many of the key fundamental, technical and fund ownership quality traits routinely seen among the greatest stock market winners.</p>\n<p>Keep in mind that liquidity is often thin. So, you might not get trade executions at an ideal price. If fund managers dump shares all at once to lock in profits, you might incur further losses when exiting the stock.</p>\n<p>So, check the gap between a cheap stock's best bid and best ask prices, or the difference between what one investor is willing to pay and another is willing to sell. The smaller the gap between bid and ask prices, the less price slippage.</p>\n<p>And don't forget the No. 1 rule of investing:keep your losses small and under control.</p>\n<p><i>Stock No. 1, screening for top IBDComposite Rating</i>:<b>Wipro</b>(WIT). The India-based IT consultant has made a superb run-up since bottoming at 2.52 at the low of the coronavirus market crash in March 2020. Shares formed aflat basethat highlights an 8.42proper buy point. Now, WIT has cleared this correct entry.</p>\n<p><b>Buy With Rules</b></p>\n<p>The5% buy zonegoes up to 8.83. So, WIT is on the verge of jumping out of the ideal buy range.</p>\n<p>TheComposite Ratingremains superlative at 97 on a scale of 1 (wizened) to 99 (wizardly). WIT also stands out with a 90Relative Strength Rating. A 94 RS Rating means Wipro has outrun 94% of all companies in the IBD database over the past 12 months.</p>\n<p>You might ask: Why is the entry point exactly at 8.42?</p>\n<p>For starters, we take the highest price on the left side of a flat base — in Wipro's case, 8.32 — then add a dime. Moving 10 cents above the base's high gives the individual trader a sense that large fund managers are earnestly accumulating shares. Again, you want the institutions working with you, not against you.</p>\n<p>Please read this Investor's Corner for more insight into finding thecorrect buy point.</p>\n<p>William O'Neil, founder of Investor's Business Daily, liked to use one-eighth of a point (or roughly 12 cents) as the amount a stock had to rise above a pivot point before he considered a stock as breaking out. Of course, until decimalization transformed the stock market at the dawn of the new millennium, the major U.S. exchanges quoted share prices in one-eighths, one-sixteenths and even one-32nds of a dollar.</p>\n<p><b>Cheap Stock No. 2</b></p>\n<p><i>Stock No. 2, screening for top IBD Composite Rating</i>:<b>Entravision Communications</b>(EVC). The Santa Monica-based Spanish language media firm owns TV stations and FM and AM radio stations across nine states. The stock broke out of a 4.52entry pointin surging volume during the week ended May 21.</p>\n<p>Three weeks ago, the stock made a sound first test of buying support at the10-week moving averagenear 5.62. Yet this week, EVC is pulling back hard and eyeing another test of institutional support near that 10-week line, which has now risen to 6.34.</p>\n<p>Buying shares as close as possible to the 10-week moving average amid a healthy rebound offers the intrepid trader asecondary buy point.</p>\n<p>Entravision's IBD ratings include an 86 Composite, which is below a preferable level of 90 or higher; 98 Relative Strength; anup/down volume ratioof 1.5; and back to a solid A- forAccumulation/Distribution. The stock also pays a dividend; due to recent strong price gains, the annualized yield has dropped to 1.6%.</p>\n<p>The company reported strong second-quarter results on Aug. 5. Earnings tripled to 9 cents a share as revenue vaulted 295% vs. a year ago to $178 million.</p>\n<p><b>Premium IBD Ratings Galore</b></p>\n<p><i>Stock No. 3, screening for topComposite Rating</i>:<b>Loma Negra</b>(LOMA). The Argentine cement, concrete, aggregates and lime supplier posted a 500% jump in first-quarter earnings vs. a year earlier to 24 cents a share. Sales accelerated to a 37% gain to $143 million, according toMarketSmith. TheIBD relative strength linebolted to new 52-week highs recently.</p>\n<p>Loma Negra briefly pulled back into the5% buy zoneafter clearing abase-on-base patternat 6.79. The buy zone goes up to 7.13. However, like other commodity stocks, LOMA has fallen sharply in recent days.</p>\n<p>In short, don't chase the stock. Good time to wait and watch.</p>\n<p>Loma'sComposite Ratinghas fallen to an unsavory 69 rating. The 86 RS Rating is good but not great anymore.</p>\n<p>An 86 RS score means over the past 12 months Loma has outperformed 86% of all companies in the IBD database.</p>\n<p><b>A Former Huge Winner In Apparel Retail</b></p>\n<p><i>Stock No. 4, screening for topRelative Strength Rating</i>:<b>Chico's FAS</b>(CHS). The former leader of IBD's retail apparel and shoes industry group is continuing to make atest of the 10-week lineafter clearing acup-without-handle basein March at 4.22.</p>\n<p>The first and second rallies off the 10-week line — near 5.76 during the week ended July 23 — after astrong breakoutpose as secondary entry points.</p>\n<p>Due to the recent pullback, it's now beginning to look as if CHS will form anew base.</p>\n<p>Among cheap apparel stocks to buy, Chico's sports a top-drawer 99 RS Rating. This means its relative strength is top-notch. Put another way, CHS has outperformed 99% of all companies in the IBD database over the past 12 months.</p>\n<p>On the fundamentals side, at least eight quarters in a row of net losses by the Fort Myers, Fla., firm weigh on the drab 69Composite Rating. But sales rebounded 38% in the April-ended fiscal first quarter to $388 million. According to Yahoo Finance, one analyst thinks Chico's will post a net loss of 4 cents a share in the July-ended second quarter; another analyst targets an 11-cent loss. The women's apparel chain lost 40 cents a share in the year-ago quarter.</p>\n<p>The consensus forecast calls for a 33% jump in the top line, however, to $407.4 million. Look for Q2 results in late August.</p>\n<p><b>Chip Leader Stumbles</b></p>\n<p><i>Stock No. 5, screening for Fastest Growing Earnings Per Share</i>:<b>United Microelectronics</b>(UMC). The Taiwan-based integrated circuit maker has risen nearly fourfold after a July 2020 breakout around 3. Anew baseoffers an earlyentry pointat 9.92, 10 cents above the high in the week ended June 4.</p>\n<p>On July 29, UMC stock broke out with an 8% gain and rallied into the5% buy zone, which goes up to 10.42 from the 9.92 buy point. But UMC has retreated sharply. On the bright side, UMC is holding above the key 10-week moving average. And it remains mildly above the 9.92breakout point.</p>\n<p>A key rule is to never let a stock that shows a double-digit percentage gain turn into afull round trip— even among cheap stocks.</p>\n<p>United's earnings per share have grown 50%, 350%, 225%, 167%, 400% and 100% vs. year-ago levels in the past six quarters on sales increases of 32%, 30%, 28%, 15%, 19% and 21%. Solid numbers for bothComposite Rating(94) and Relative Strength (95); however, these ratings are best used for selecting stocks to buy, not for timing any entries or exits.</p>\n<p>UMC holds a best-possible A grade for theSMR Rating, which measures sales, margins andreturn on equity.</p>\n<p><b>A Strong Second Quarter</b></p>\n<p>United Micro reported robust second-quarter results on July 28. According to Yahoo Finance, one analyst saw UMC notching a net profit of 13 cents per share while another saw 15 cents vs. 9 cents a year ago. The company exceeded both analysts' views with profit of 18 cents a share, doubling the 9 cents it earned a year earlier.</p>\n<p>Sales grew 21% to $1.82 billion. This increase also marked a second quarter in a row of accelerating growth. The top line rose 15% in Q4 2020 and accelerated 19% in Q1 this year.</p>\n<p><b>More Trading Ideas</b></p>\n<p>Several weeks ago, these two cheap stocks made either the \"Accelerating Sales\" or \"Top Relative Strength Rating\" segment ofIBD Stock Screener:&nbsp;<b>Dynavax Technologies</b>(DVAX) and&nbsp;<b>JMP Group</b>(JMP).</p>\n<p>Both stocks move sharply week to week, yet are respecting a key technical support level, the10-week moving average.</p>\n<p>JMP cleared a 6.45buy pointin afour-month cup with handle. However,the handleformed near the middle of its cup pattern. You'd prefer to see the handle begin forming when a stock has climbed to within 5%, 10% or possibly 15% of its 52-week high.</p>\n<p>Notice how JMP still trades below the cup's left-side peak of 7.30 and its 52-week peak of 8.99.</p>\n<p>Dynavax is retreating fast after a big breakout past acup with handleand a 10.45entry point. Shares are still extended pastthe 5% buy zoneafter clearing 10.45.</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheap Stocks To Buy: Should You Watch These 5 Growth Stocks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-22 11:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/cheap-stocks-to-buy/?src=A00220><strong>investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bull market, bear market, or trend-less market? Regardless ofwhat stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy.\nAnd who doesn't love a bargain? After ...</p>\n\n<a href=\"https://www.investors.com/research/cheap-stocks-to-buy/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WIT":"Wipro Limited","CHS":"Chicos Fas Inc","EVC":"超视野传播","LOMA":"Loma Negra Compania Industrial Argentina S.A.","UMC":"联电"},"source_url":"https://www.investors.com/research/cheap-stocks-to-buy/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128033677","content_text":"Bull market, bear market, or trend-less market? Regardless ofwhat stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy.\nAnd who doesn't love a bargain? After all, the lure of finding a stock that triples from $1 to $3 a share, or quintuples from $5 to $25, may prove irresistible.\nAre there any unique problems or subtle challenges with this strategy of hunting cheap stocks to buy? Yes. Let's consider a few.\nHundreds of stocks trade at a \"low\" price on both the Nasdaq and the NYSE. So, how can you pick the winners consistently?\nHere's another problem: IBD research consistently finds that dozens, if not hundreds, of great stocks each year do not start out as penny shares. Most institutional money managers don't touch cheap stocks. Imagine a large-cap mutual fund trying to buy a meaningful stake in a stock that has been trading a dollar a share. If it has thin trading volume, the fund manager will have an awfully tough time accumulating shares without making a big impact on the stock price.\nSolid, increasing institutional buying makes upthe I in CAN SLIM, IBD's seven-factor paradigm ofsuccessful investing in growth stocks.\nCheap Stocks To Buy: First, Understand These Pitfalls\nAnother cold, hard truth that proponents of penny stocks don't tell you? Many low-priced shares stay low for a very long time.\nSo, if your hard-earned money is tied up in a 50-cent stock that fails to generate meaningful capital appreciation, you might not only be nursing a losing stock. You also face the lost opportunity of investing in atrue stock market leader in Leaderboardor a member of theIBD 50, theLong-Term Leaders, orIBD Big Cap 20.\nLet's considerZoom Video(ZM) and telemedicine pioneerTeladoc(TDOC) in 2020, after the coronavirus bear market ended. These two and many others traded at an \"expensive\" price when they broke out to new 52-week highs and began magnificent rallies. But the quality of their business, the supercharged growth in fundamentals, and significant buying by top-rated mutual funds affirmed that their premium share prices signaled a high level of quality.\nZoom Video, after clearing adeep cup baseat 107.44 in February 2020, went on to rise nearly sixfold to its 2020 peak at 588. Today? Zoom stock is forming anew baseand testing buying support at the50-day moving average. Last month, ZM joinedSwingTraderas a new position.\nTeladocroared past an 86.40proper buy pointin mid-January 2020. Seven months later, the stock hit 253, up 193%. Today? TDOC stock is trying to climb back above its key50-day moving average, a critical technical level of medium-term price support and price resistance. Like Zoom, Teladoc is also deep in the weeds ofbuilding a new base.\nZoom And Teladoc Aren't Alone\nLeaderboard memberAdobe(ADBE) cleared a 157.99 entry in afive-week flat basein the week ended Oct. 20, 2017. The megacap tech marked a new high of 536 in early September 2020 before cooling off. And the video editing, document management, and data analytics software giant recently staged anothernew breakoutpast anew buy point, this time at 525.54.\nADBE stock has rallied sharply, gaining more than 20%. Adobe has been a mainstay on theIBD Long-Term Leaders.\nStill, can you employ theCAN SLIM strategyfor cheap stocks to buy as well?\n5 Cheap Stocks To Watch And Buy\nTheIBD Stock Screenerfilters cheap stocks that not only trade at $10 or less per share. Some also carry many of the key fundamental, technical and fund ownership quality traits routinely seen among the greatest stock market winners.\nKeep in mind that liquidity is often thin. So, you might not get trade executions at an ideal price. If fund managers dump shares all at once to lock in profits, you might incur further losses when exiting the stock.\nSo, check the gap between a cheap stock's best bid and best ask prices, or the difference between what one investor is willing to pay and another is willing to sell. The smaller the gap between bid and ask prices, the less price slippage.\nAnd don't forget the No. 1 rule of investing:keep your losses small and under control.\nStock No. 1, screening for top IBDComposite Rating:Wipro(WIT). The India-based IT consultant has made a superb run-up since bottoming at 2.52 at the low of the coronavirus market crash in March 2020. Shares formed aflat basethat highlights an 8.42proper buy point. Now, WIT has cleared this correct entry.\nBuy With Rules\nThe5% buy zonegoes up to 8.83. So, WIT is on the verge of jumping out of the ideal buy range.\nTheComposite Ratingremains superlative at 97 on a scale of 1 (wizened) to 99 (wizardly). WIT also stands out with a 90Relative Strength Rating. A 94 RS Rating means Wipro has outrun 94% of all companies in the IBD database over the past 12 months.\nYou might ask: Why is the entry point exactly at 8.42?\nFor starters, we take the highest price on the left side of a flat base — in Wipro's case, 8.32 — then add a dime. Moving 10 cents above the base's high gives the individual trader a sense that large fund managers are earnestly accumulating shares. Again, you want the institutions working with you, not against you.\nPlease read this Investor's Corner for more insight into finding thecorrect buy point.\nWilliam O'Neil, founder of Investor's Business Daily, liked to use one-eighth of a point (or roughly 12 cents) as the amount a stock had to rise above a pivot point before he considered a stock as breaking out. Of course, until decimalization transformed the stock market at the dawn of the new millennium, the major U.S. exchanges quoted share prices in one-eighths, one-sixteenths and even one-32nds of a dollar.\nCheap Stock No. 2\nStock No. 2, screening for top IBD Composite Rating:Entravision Communications(EVC). The Santa Monica-based Spanish language media firm owns TV stations and FM and AM radio stations across nine states. The stock broke out of a 4.52entry pointin surging volume during the week ended May 21.\nThree weeks ago, the stock made a sound first test of buying support at the10-week moving averagenear 5.62. Yet this week, EVC is pulling back hard and eyeing another test of institutional support near that 10-week line, which has now risen to 6.34.\nBuying shares as close as possible to the 10-week moving average amid a healthy rebound offers the intrepid trader asecondary buy point.\nEntravision's IBD ratings include an 86 Composite, which is below a preferable level of 90 or higher; 98 Relative Strength; anup/down volume ratioof 1.5; and back to a solid A- forAccumulation/Distribution. The stock also pays a dividend; due to recent strong price gains, the annualized yield has dropped to 1.6%.\nThe company reported strong second-quarter results on Aug. 5. Earnings tripled to 9 cents a share as revenue vaulted 295% vs. a year ago to $178 million.\nPremium IBD Ratings Galore\nStock No. 3, screening for topComposite Rating:Loma Negra(LOMA). The Argentine cement, concrete, aggregates and lime supplier posted a 500% jump in first-quarter earnings vs. a year earlier to 24 cents a share. Sales accelerated to a 37% gain to $143 million, according toMarketSmith. TheIBD relative strength linebolted to new 52-week highs recently.\nLoma Negra briefly pulled back into the5% buy zoneafter clearing abase-on-base patternat 6.79. The buy zone goes up to 7.13. However, like other commodity stocks, LOMA has fallen sharply in recent days.\nIn short, don't chase the stock. Good time to wait and watch.\nLoma'sComposite Ratinghas fallen to an unsavory 69 rating. The 86 RS Rating is good but not great anymore.\nAn 86 RS score means over the past 12 months Loma has outperformed 86% of all companies in the IBD database.\nA Former Huge Winner In Apparel Retail\nStock No. 4, screening for topRelative Strength Rating:Chico's FAS(CHS). The former leader of IBD's retail apparel and shoes industry group is continuing to make atest of the 10-week lineafter clearing acup-without-handle basein March at 4.22.\nThe first and second rallies off the 10-week line — near 5.76 during the week ended July 23 — after astrong breakoutpose as secondary entry points.\nDue to the recent pullback, it's now beginning to look as if CHS will form anew base.\nAmong cheap apparel stocks to buy, Chico's sports a top-drawer 99 RS Rating. This means its relative strength is top-notch. Put another way, CHS has outperformed 99% of all companies in the IBD database over the past 12 months.\nOn the fundamentals side, at least eight quarters in a row of net losses by the Fort Myers, Fla., firm weigh on the drab 69Composite Rating. But sales rebounded 38% in the April-ended fiscal first quarter to $388 million. According to Yahoo Finance, one analyst thinks Chico's will post a net loss of 4 cents a share in the July-ended second quarter; another analyst targets an 11-cent loss. The women's apparel chain lost 40 cents a share in the year-ago quarter.\nThe consensus forecast calls for a 33% jump in the top line, however, to $407.4 million. Look for Q2 results in late August.\nChip Leader Stumbles\nStock No. 5, screening for Fastest Growing Earnings Per Share:United Microelectronics(UMC). The Taiwan-based integrated circuit maker has risen nearly fourfold after a July 2020 breakout around 3. Anew baseoffers an earlyentry pointat 9.92, 10 cents above the high in the week ended June 4.\nOn July 29, UMC stock broke out with an 8% gain and rallied into the5% buy zone, which goes up to 10.42 from the 9.92 buy point. But UMC has retreated sharply. On the bright side, UMC is holding above the key 10-week moving average. And it remains mildly above the 9.92breakout point.\nA key rule is to never let a stock that shows a double-digit percentage gain turn into afull round trip— even among cheap stocks.\nUnited's earnings per share have grown 50%, 350%, 225%, 167%, 400% and 100% vs. year-ago levels in the past six quarters on sales increases of 32%, 30%, 28%, 15%, 19% and 21%. Solid numbers for bothComposite Rating(94) and Relative Strength (95); however, these ratings are best used for selecting stocks to buy, not for timing any entries or exits.\nUMC holds a best-possible A grade for theSMR Rating, which measures sales, margins andreturn on equity.\nA Strong Second Quarter\nUnited Micro reported robust second-quarter results on July 28. According to Yahoo Finance, one analyst saw UMC notching a net profit of 13 cents per share while another saw 15 cents vs. 9 cents a year ago. The company exceeded both analysts' views with profit of 18 cents a share, doubling the 9 cents it earned a year earlier.\nSales grew 21% to $1.82 billion. This increase also marked a second quarter in a row of accelerating growth. The top line rose 15% in Q4 2020 and accelerated 19% in Q1 this year.\nMore Trading Ideas\nSeveral weeks ago, these two cheap stocks made either the \"Accelerating Sales\" or \"Top Relative Strength Rating\" segment ofIBD Stock Screener: Dynavax Technologies(DVAX) and JMP Group(JMP).\nBoth stocks move sharply week to week, yet are respecting a key technical support level, the10-week moving average.\nJMP cleared a 6.45buy pointin afour-month cup with handle. However,the handleformed near the middle of its cup pattern. You'd prefer to see the handle begin forming when a stock has climbed to within 5%, 10% or possibly 15% of its 52-week high.\nNotice how JMP still trades below the cup's left-side peak of 7.30 and its 52-week peak of 8.99.\nDynavax is retreating fast after a big breakout past acup with handleand a 10.45entry point. Shares are still extended pastthe 5% buy zoneafter clearing 10.45.","news_type":1},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141727689,"gmtCreate":1625893477141,"gmtModify":1703750623481,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Wow..","listText":"Wow..","text":"Wow..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141727689","repostId":"2150306047","repostType":4,"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176570881,"gmtCreate":1626910049243,"gmtModify":1703480254709,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Super shorted n now seem dead.","listText":"Super shorted n now seem dead.","text":"Super shorted n now seem dead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176570881","repostId":"1129519319","repostType":2,"repost":{"id":"1129519319","kind":"news","pubTimestamp":1626164343,"share":"https://ttm.financial/m/news/1129519319?lang=&edition=fundamental","pubTime":"2021-07-13 16:19","market":"us","language":"en","title":"Carver Bancorp: Looking For Evidence Of Market Top? This May Be It","url":"https://stock-news.laohu8.com/highlight/detail?id=1129519319","media":"seekingalpha","summary":"Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank","content":"<p><b>Summary</b></p>\n<ul>\n <li>In four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.</li>\n <li>Knowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank.</li>\n <li>When the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top.</li>\n <li>Record-high market valuations have spooked me for a while.</li>\n <li>When a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.</li>\n</ul>\n<p><b>Stock Price Action - Carver Bank</b></p>\n<p>Having been in the banking industry 41 years, I thought I saw everything until this past week.</p>\n<p>Check out two price charts for Carver Bancorp, Inc. (CARV). On July 7th, this $676 million New York City bank closed around $10 a share. By July 9th, the stock jumped to over $40 a share before closing the day at $26.50, up 21% for the day and 141% for the week.</p>\n<p>Year-to-date Carver is up 308% after ending 2020 at $6.49 a share.</p>\n<p><img src=\"https://static.tigerbbs.com/86748046ac35874a5689436bbe62a34b\" tg-width=\"640\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p>\n<p>What's the Story?</p>\n<p>The story is there is no story.</p>\n<p>At least not a compelling one for investors.</p>\n<p>According to www.thestreet.com, the catalyst for Carver's climb was asubreddit called r/carvstock that described Carver as \"blasting up\" and \"$CARV to the moon\" as two reasons to buy shares in this this small bank with 3.468 million shares.</p>\n<p><b>Carver Since 1994</b></p>\n<p>The moon is 238,855 miles from earth which is about as far as Carver's stock price has fallen since 2003 when it peaked at $397.50 compared to $26.50 at market close on July 9.</p>\n<p><b>A Rare \"Triple F\" Bank</b></p>\n<p>Regular readers of my articles know that I focus on banks.</p>\n<p>As a rule, I write about great banks and deliberately avoid writing about poor performers. Life is too short to own a bank that cannot produce a consistent and durable return on equity that exceeds its cost of capital.</p>\n<p>While I would prefer to not write about underperforming banks that persistently fail to achieve returns sufficient to cover their cost of capital, I need to make an exception with Carver given its crazy recent price action.</p>\n<p>Carver's soaring stock price may be telling a much bigger story than what meets the eye. We may be seeing evidence of what happens to a high-flying market when an industry's habitually worst performers see their valuations inflate five times over historic average.</p>\n<p>In my database of 274 banks that have traded publicly since 2004, Carver is one of only three banks to earn a \"Triple F\" for Risk-Adjusted Return on Equity over 16 years, 10 years, and 5 years. To qualify for this distinction, a bank must be among the bottom 5% of all banks in Risk-Adjusted Return on Equity for all three timeframes.</p>\n<p>Here is a chart reflecting FDIC data showing the quarterly Net Income after Taxes and Return on Equity for Carver since 2003. During the past year it has lost $3 million, past 10 years $28 million, and since 2003, $38 million. The bank's average Return on Equity since 2003 is -3.7%, and for the past ten years it has an average Return on Equity of -4.6%. Profitability has not improved during the past year or for the quarter ending March 31, 2021. During the past decade the bank has paid no taxes; in fact, it shows $26,000 in net refunds during this time.</p>\n<p><img src=\"https://static.tigerbbs.com/baef357c501228f4a509573678ff45af\" tg-width=\"556\" tg-height=\"323\" referrerpolicy=\"no-referrer\"></p>\n<p>Net Interest Margin trends are unfavorable. Net Interest Margin is shrinking as Yields have declined at a faster rate than the improvement in Cost of Funds. Net Interest Margin as of quarter ending March 31, 2021, is 78 basis points below the average since 2003. The big drop is driven by a 166 basis point decline in the Yield of its assets.</p>\n<p>The bank's Efficiency Ratio is improving but remains among the worst among all US banks. See the orange line in the chart below. A principal drag on the poor Efficiency Ratio is the bank's Non-Interest Expenses (blue line) which remain unfavorably elevated in comparison to peers.</p>\n<p><img src=\"https://static.tigerbbs.com/8ea34d130fdc70914245f355c5e43623\" tg-width=\"555\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></p>\n<p>There is good news as Net Loan Charge-offs have stabilized over the past decade as seen below from the blue line. Before getting too excited about improving credit quality, there are reasons to think the charge-off ratio could go south soon.</p>\n<ul>\n <li>The bank's Texas Ratio hit a five-year high at the end of Q1 2021 (29.6 per Bankregdata)</li>\n <li>The percentage of Non-Performing Assets at the end of the recent quarter was the highest in three years (2.12% per Bankregdata).</li>\n <li>Total delinquent loans were 7.13% on March 31; not good.</li>\n</ul>\n<p>I could go on and review other factors that raise concern (like percentage of brokered deposits, loan mix that tips heavy to non-owner real estate, commercial real estate concentration), but I will stop here.</p>\n<p>Lofty Valuation Not Justified</p>\n<p>As of July 9, CARV is selling at a Price to Tangible Book Value of 3.46, up from 1.34 at the end of June and .65 as of September 30, 2020. These numbers compare to about 2.0 Price to TBV for the industry, a number rich in my view but in line with the 20-year average. On a good day, Carver's fair value is 1.0 to 1.2 Price to TBV. Good times are almost certain to not last for the shareholders who jumped on CARV this past week; a reversion to the historic average valuation seems inevitable.</p>\n<p><img src=\"https://static.tigerbbs.com/7e94e76b99ac2f0ca0f0f3f7669ec338\" tg-width=\"553\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></p>\n<p>Carver's 3rd Largest Shareholder Sells</p>\n<p>Carver’s third largest shareholder knows that the bank's days of lofty valuations are temporary. On July 8 he filed anSEC reportshowing he no longer owns any CARV shares. AJune SEC filingindicated he owned 153,438 shares, equivalent to about 5% of the company.</p>\n<p><b>Risk Tolerance, Final Thoughts</b></p>\n<p>My favorite macro-charts flash market valuation warnings:</p>\n<ul>\n <li>Market Cap to GDP (Buffett's preferred market valuation chart)</li>\n <li>S&amp;P 500 dividend yield/earnings yield</li>\n <li>Shiller CAPE ratio</li>\n</ul>\n<p>Each investor needs to draw his or her own conclusion about their appetite for risk in today's lofty market. Individual equity selection and portfolio construction require extra due diligence when stock indices consistently reach new highs.</p>\n<p>Specific to Carver, the risk of an imminent collapse in valuation appears high. Of course, it is remotely possible that Carver is on the brink of a major announcement that has leaked into the market, but that is a dubious proposition. Even a merger would not produce a valuation close to where Carver ended the day on July 9.</p>\n<p>As for me, I do not want to exaggerate the influence of one small bank on my tolerance for risk, but at the same time, when viewed across the landscape of record and near-record market valuations, Carver Bank's nutty recent jump in price is one more factor forcing me to ask if the market is about to run out of gas?</p>\n<p>It has been a great run since March of last year. I plan to cash in some chips this week in my non-taxable accounts and prepare for a correction that may or may not occur later this year.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carver Bancorp: Looking For Evidence Of Market Top? This May Be It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarver Bancorp: Looking For Evidence Of Market Top? This May Be It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.\nKnowing a good thing when he sees it, the third ...</p>\n\n<a href=\"https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CARV":"卡弗储蓄"},"source_url":"https://seekingalpha.com/article/4438815-carver-bancorp-this-may-be-evidence-of-market-top","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1129519319","content_text":"Summary\n\nIn four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.\nKnowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank.\nWhen the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top.\nRecord-high market valuations have spooked me for a while.\nWhen a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.\n\nStock Price Action - Carver Bank\nHaving been in the banking industry 41 years, I thought I saw everything until this past week.\nCheck out two price charts for Carver Bancorp, Inc. (CARV). On July 7th, this $676 million New York City bank closed around $10 a share. By July 9th, the stock jumped to over $40 a share before closing the day at $26.50, up 21% for the day and 141% for the week.\nYear-to-date Carver is up 308% after ending 2020 at $6.49 a share.\n\nWhat's the Story?\nThe story is there is no story.\nAt least not a compelling one for investors.\nAccording to www.thestreet.com, the catalyst for Carver's climb was asubreddit called r/carvstock that described Carver as \"blasting up\" and \"$CARV to the moon\" as two reasons to buy shares in this this small bank with 3.468 million shares.\nCarver Since 1994\nThe moon is 238,855 miles from earth which is about as far as Carver's stock price has fallen since 2003 when it peaked at $397.50 compared to $26.50 at market close on July 9.\nA Rare \"Triple F\" Bank\nRegular readers of my articles know that I focus on banks.\nAs a rule, I write about great banks and deliberately avoid writing about poor performers. Life is too short to own a bank that cannot produce a consistent and durable return on equity that exceeds its cost of capital.\nWhile I would prefer to not write about underperforming banks that persistently fail to achieve returns sufficient to cover their cost of capital, I need to make an exception with Carver given its crazy recent price action.\nCarver's soaring stock price may be telling a much bigger story than what meets the eye. We may be seeing evidence of what happens to a high-flying market when an industry's habitually worst performers see their valuations inflate five times over historic average.\nIn my database of 274 banks that have traded publicly since 2004, Carver is one of only three banks to earn a \"Triple F\" for Risk-Adjusted Return on Equity over 16 years, 10 years, and 5 years. To qualify for this distinction, a bank must be among the bottom 5% of all banks in Risk-Adjusted Return on Equity for all three timeframes.\nHere is a chart reflecting FDIC data showing the quarterly Net Income after Taxes and Return on Equity for Carver since 2003. During the past year it has lost $3 million, past 10 years $28 million, and since 2003, $38 million. The bank's average Return on Equity since 2003 is -3.7%, and for the past ten years it has an average Return on Equity of -4.6%. Profitability has not improved during the past year or for the quarter ending March 31, 2021. During the past decade the bank has paid no taxes; in fact, it shows $26,000 in net refunds during this time.\n\nNet Interest Margin trends are unfavorable. Net Interest Margin is shrinking as Yields have declined at a faster rate than the improvement in Cost of Funds. Net Interest Margin as of quarter ending March 31, 2021, is 78 basis points below the average since 2003. The big drop is driven by a 166 basis point decline in the Yield of its assets.\nThe bank's Efficiency Ratio is improving but remains among the worst among all US banks. See the orange line in the chart below. A principal drag on the poor Efficiency Ratio is the bank's Non-Interest Expenses (blue line) which remain unfavorably elevated in comparison to peers.\n\nThere is good news as Net Loan Charge-offs have stabilized over the past decade as seen below from the blue line. Before getting too excited about improving credit quality, there are reasons to think the charge-off ratio could go south soon.\n\nThe bank's Texas Ratio hit a five-year high at the end of Q1 2021 (29.6 per Bankregdata)\nThe percentage of Non-Performing Assets at the end of the recent quarter was the highest in three years (2.12% per Bankregdata).\nTotal delinquent loans were 7.13% on March 31; not good.\n\nI could go on and review other factors that raise concern (like percentage of brokered deposits, loan mix that tips heavy to non-owner real estate, commercial real estate concentration), but I will stop here.\nLofty Valuation Not Justified\nAs of July 9, CARV is selling at a Price to Tangible Book Value of 3.46, up from 1.34 at the end of June and .65 as of September 30, 2020. These numbers compare to about 2.0 Price to TBV for the industry, a number rich in my view but in line with the 20-year average. On a good day, Carver's fair value is 1.0 to 1.2 Price to TBV. Good times are almost certain to not last for the shareholders who jumped on CARV this past week; a reversion to the historic average valuation seems inevitable.\n\nCarver's 3rd Largest Shareholder Sells\nCarver’s third largest shareholder knows that the bank's days of lofty valuations are temporary. On July 8 he filed anSEC reportshowing he no longer owns any CARV shares. AJune SEC filingindicated he owned 153,438 shares, equivalent to about 5% of the company.\nRisk Tolerance, Final Thoughts\nMy favorite macro-charts flash market valuation warnings:\n\nMarket Cap to GDP (Buffett's preferred market valuation chart)\nS&P 500 dividend yield/earnings yield\nShiller CAPE ratio\n\nEach investor needs to draw his or her own conclusion about their appetite for risk in today's lofty market. Individual equity selection and portfolio construction require extra due diligence when stock indices consistently reach new highs.\nSpecific to Carver, the risk of an imminent collapse in valuation appears high. Of course, it is remotely possible that Carver is on the brink of a major announcement that has leaked into the market, but that is a dubious proposition. Even a merger would not produce a valuation close to where Carver ended the day on July 9.\nAs for me, I do not want to exaggerate the influence of one small bank on my tolerance for risk, but at the same time, when viewed across the landscape of record and near-record market valuations, Carver Bank's nutty recent jump in price is one more factor forcing me to ask if the market is about to run out of gas?\nIt has been a great run since March of last year. I plan to cash in some chips this week in my non-taxable accounts and prepare for a correction that may or may not occur later this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146700716,"gmtCreate":1626098219735,"gmtModify":1703753352744,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CARV\">$Carver(CARV)$</a>hold?","listText":"<a href=\"https://laohu8.com/S/CARV\">$Carver(CARV)$</a>hold?","text":"$Carver(CARV)$hold?","images":[{"img":"https://static.tigerbbs.com/e8a1d2fdc7788850605c5ace3565982e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146700716","isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146452664,"gmtCreate":1626097545358,"gmtModify":1703753317324,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Great.","listText":"Great.","text":"Great.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146452664","repostId":"1190430688","repostType":4,"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146458266,"gmtCreate":1626097495255,"gmtModify":1703753315039,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146458266","repostId":"1190430688","repostType":4,"repost":{"id":"1190430688","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626097090,"share":"https://ttm.financial/m/news/1190430688?lang=&edition=fundamental","pubTime":"2021-07-12 21:38","market":"us","language":"en","title":"Virgin Galactic fell 6% in the morning trading, as once rising more than 10% in premarket trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1190430688","media":"Tiger Newspress","summary":"Virgin Galactic fell 6% in the morning trading, as once rising more than 10% in premarket trading.\nS","content":"<p>Virgin Galactic&nbsp;fell&nbsp;6%&nbsp;in&nbsp;the&nbsp;morning&nbsp;trading,&nbsp;as&nbsp;once&nbsp;rising&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/c4d333c87a902f8607ae09dca6c78f8c\" tg-width=\"1281\" tg-height=\"607\" referrerpolicy=\"no-referrer\">Shares of&nbsp;Virgin Galactic&nbsp;slipped on Monday after the company filed to sell up to $500 million in common stock. This follows the commercial spaceflight company’s successful test flight with founder Sir Richard Branson.</p>\n<p>Shares of Virgin Galactic — which trades under ticker SPCE — fell 8% after the $500 million in stock sale announcement that came after the company's successfully completedfully crewed test flightinto suborbital space on Sunday, a major milestone in the commercial space race and step towards the company's goal for commercial service in early 2022.</p>\n<p>The shares were last at about $44.80, after rising as much as 7% in premarket trading. The stock has doubled so far this year in anticipation of this progress toward commercial service.</p>\n<p>\"We view Branson's achievement as a massive marketing coup for Virgin Galactic that will be impossible for the public to ignore,\" Canaccord Genuity equity analyst Ken Herbert told clients. The firm has a buy rating but $35 price target on the stock, which is below its current level.</p>\n<p>The company's spacecraft VSS Unity launched above the skies of New Mexico on Sunday, with two pilots guiding the vehicle carrying the billionaire founder and three Virgin Galactic employees. VSS Unity fired its rocket engine and accelerated to faster than three times the speed of sound in a climb to the edge of space.</p>\n<p>\"We see this as important on the path toward starting passenger flights, which we assume will happen in early 2022,\" AB Bernstein analyst Douglas Harned told clients. The firm has a market perform rating on Virgin Galactic.</p>\n<p>Virgin Galactic's VSS Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each. While passenger ticket sales have yet to be announced, Bernstein expects them to come at a higher price point between $400,000 and $500,000.</p>\n<p>Virgin Galactic also announced it is partnering with sweepstakes company Omaze to offer a chance at two seats on \"one of the first commercial Virgin Galactic spaceflights\" early next year.</p>\n<p>\"The flight is symbolically important for building consumer confidence in and demand for space tourism,\" said Harned. \"A successful test flight by Blue Origin including founder Jeff Bezos, scheduled for July 20, should generate further interest in the industry, which would benefit both companies.\"</p>\n<p><img src=\"https://static.tigerbbs.com/aaede22b48f21a26943de5199a5f26e5\" tg-width=\"740\" tg-height=\"475\" referrerpolicy=\"no-referrer\"></p>\n<p>In 2004, Branson founded Virgin Galactic to fly private passengers to space. Branson was not previously expected to fly on Sunday's spaceflight but after fellow billionaire&nbsp;Jeff Bezos&nbsp;announced&nbsp;he would fly on his company Blue Origin's first passenger flight&nbsp;on July 20, Virgin Galactic rearranged its schedule — aiming to fly Branson nine days before Bezos.</p>\n<p>Launching ahead of Bezos or&nbsp;Elon Musk, Sunday's flight means Branson is the first of the billionaire space company founders to ride his own spacecraft.</p>\n<p>AB Bernstein said the flight's success and subsequent ticket sales could well be an upward short-term catalyst for the stock but did not change their long-term forecast. The firm did note that it wouldn't be short the stock, as it has seen huge volatility driven by retail investors reacting to events.</p>\n<ul></ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virgin Galactic fell 6% in the morning trading, as once rising more than 10% in premarket trading.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVirgin Galactic fell 6% in the morning trading, as once rising more than 10% in premarket trading.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-12 21:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Virgin Galactic&nbsp;fell&nbsp;6%&nbsp;in&nbsp;the&nbsp;morning&nbsp;trading,&nbsp;as&nbsp;once&nbsp;rising&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/c4d333c87a902f8607ae09dca6c78f8c\" tg-width=\"1281\" tg-height=\"607\" referrerpolicy=\"no-referrer\">Shares of&nbsp;Virgin Galactic&nbsp;slipped on Monday after the company filed to sell up to $500 million in common stock. This follows the commercial spaceflight company’s successful test flight with founder Sir Richard Branson.</p>\n<p>Shares of Virgin Galactic — which trades under ticker SPCE — fell 8% after the $500 million in stock sale announcement that came after the company's successfully completedfully crewed test flightinto suborbital space on Sunday, a major milestone in the commercial space race and step towards the company's goal for commercial service in early 2022.</p>\n<p>The shares were last at about $44.80, after rising as much as 7% in premarket trading. The stock has doubled so far this year in anticipation of this progress toward commercial service.</p>\n<p>\"We view Branson's achievement as a massive marketing coup for Virgin Galactic that will be impossible for the public to ignore,\" Canaccord Genuity equity analyst Ken Herbert told clients. The firm has a buy rating but $35 price target on the stock, which is below its current level.</p>\n<p>The company's spacecraft VSS Unity launched above the skies of New Mexico on Sunday, with two pilots guiding the vehicle carrying the billionaire founder and three Virgin Galactic employees. VSS Unity fired its rocket engine and accelerated to faster than three times the speed of sound in a climb to the edge of space.</p>\n<p>\"We see this as important on the path toward starting passenger flights, which we assume will happen in early 2022,\" AB Bernstein analyst Douglas Harned told clients. The firm has a market perform rating on Virgin Galactic.</p>\n<p>Virgin Galactic's VSS Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each. While passenger ticket sales have yet to be announced, Bernstein expects them to come at a higher price point between $400,000 and $500,000.</p>\n<p>Virgin Galactic also announced it is partnering with sweepstakes company Omaze to offer a chance at two seats on \"one of the first commercial Virgin Galactic spaceflights\" early next year.</p>\n<p>\"The flight is symbolically important for building consumer confidence in and demand for space tourism,\" said Harned. \"A successful test flight by Blue Origin including founder Jeff Bezos, scheduled for July 20, should generate further interest in the industry, which would benefit both companies.\"</p>\n<p><img src=\"https://static.tigerbbs.com/aaede22b48f21a26943de5199a5f26e5\" tg-width=\"740\" tg-height=\"475\" referrerpolicy=\"no-referrer\"></p>\n<p>In 2004, Branson founded Virgin Galactic to fly private passengers to space. Branson was not previously expected to fly on Sunday's spaceflight but after fellow billionaire&nbsp;Jeff Bezos&nbsp;announced&nbsp;he would fly on his company Blue Origin's first passenger flight&nbsp;on July 20, Virgin Galactic rearranged its schedule — aiming to fly Branson nine days before Bezos.</p>\n<p>Launching ahead of Bezos or&nbsp;Elon Musk, Sunday's flight means Branson is the first of the billionaire space company founders to ride his own spacecraft.</p>\n<p>AB Bernstein said the flight's success and subsequent ticket sales could well be an upward short-term catalyst for the stock but did not change their long-term forecast. The firm did note that it wouldn't be short the stock, as it has seen huge volatility driven by retail investors reacting to events.</p>\n<ul></ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190430688","content_text":"Virgin Galactic fell 6% in the morning trading, as once rising more than 10% in premarket trading.\nShares of Virgin Galactic slipped on Monday after the company filed to sell up to $500 million in common stock. This follows the commercial spaceflight company’s successful test flight with founder Sir Richard Branson.\nShares of Virgin Galactic — which trades under ticker SPCE — fell 8% after the $500 million in stock sale announcement that came after the company's successfully completedfully crewed test flightinto suborbital space on Sunday, a major milestone in the commercial space race and step towards the company's goal for commercial service in early 2022.\nThe shares were last at about $44.80, after rising as much as 7% in premarket trading. The stock has doubled so far this year in anticipation of this progress toward commercial service.\n\"We view Branson's achievement as a massive marketing coup for Virgin Galactic that will be impossible for the public to ignore,\" Canaccord Genuity equity analyst Ken Herbert told clients. The firm has a buy rating but $35 price target on the stock, which is below its current level.\nThe company's spacecraft VSS Unity launched above the skies of New Mexico on Sunday, with two pilots guiding the vehicle carrying the billionaire founder and three Virgin Galactic employees. VSS Unity fired its rocket engine and accelerated to faster than three times the speed of sound in a climb to the edge of space.\n\"We see this as important on the path toward starting passenger flights, which we assume will happen in early 2022,\" AB Bernstein analyst Douglas Harned told clients. The firm has a market perform rating on Virgin Galactic.\nVirgin Galactic's VSS Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each. While passenger ticket sales have yet to be announced, Bernstein expects them to come at a higher price point between $400,000 and $500,000.\nVirgin Galactic also announced it is partnering with sweepstakes company Omaze to offer a chance at two seats on \"one of the first commercial Virgin Galactic spaceflights\" early next year.\n\"The flight is symbolically important for building consumer confidence in and demand for space tourism,\" said Harned. \"A successful test flight by Blue Origin including founder Jeff Bezos, scheduled for July 20, should generate further interest in the industry, which would benefit both companies.\"\n\nIn 2004, Branson founded Virgin Galactic to fly private passengers to space. Branson was not previously expected to fly on Sunday's spaceflight but after fellow billionaire Jeff Bezos announced he would fly on his company Blue Origin's first passenger flight on July 20, Virgin Galactic rearranged its schedule — aiming to fly Branson nine days before Bezos.\nLaunching ahead of Bezos or Elon Musk, Sunday's flight means Branson is the first of the billionaire space company founders to ride his own spacecraft.\nAB Bernstein said the flight's success and subsequent ticket sales could well be an upward short-term catalyst for the stock but did not change their long-term forecast. The firm did note that it wouldn't be short the stock, as it has seen huge volatility driven by retail investors reacting to events.","news_type":1},"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152133052,"gmtCreate":1625274729176,"gmtModify":1703739721170,"author":{"id":"3585739539967013","authorId":"3585739539967013","name":"hongweiheng","avatar":"https://static.tigerbbs.com/6fde04922e3db18da83e28ebfb025743","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585739539967013","authorIdStr":"3585739539967013"},"themes":[],"htmlText":"Good!!","listText":"Good!!","text":"Good!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/152133052","repostId":"1165340887","repostType":4,"repost":{"id":"1165340887","kind":"news","pubTimestamp":1625257396,"share":"https://ttm.financial/m/news/1165340887?lang=&edition=fundamental","pubTime":"2021-07-03 04:23","market":"us","language":"en","title":"U.S. stocks sweep to fresh highs after strong jobs report","url":"https://stock-news.laohu8.com/highlight/detail?id=1165340887","media":"yahoo","summary":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.The S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Sh","content":"<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.</p>\n<p>The S&amp;P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.</p>\n<p>Investorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.</p>\n<p>\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"</p>\n<p>Heading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.</p>\n<p>\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"</p>\n<p>Friday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.</p>\n<p>“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"</p>\n<p>Still, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.</p>\n<p>\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"</p>\n<p>Even with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.</p>\n<p>“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.</p>\n<p>4:01 p.m. ET: Stocks close higher, S&amp;P 500 posts longest winning streak since August 2020</p>\n<p>Here's where markets closed out on Friday:</p>\n<ul>\n <li><p><b>S&amp;P 500 (^GSPC)</b>: +32.51 (+0.75%) to 4,352.45</p></li>\n <li><p><b>Dow (^DJI)</b>: +154.4 (+0.45%) to 34,787.93</p></li>\n <li><p><b>Nasdaq (^IXIC)</b>: +116.95 (+0.81%) to 14,639.33</p></li>\n</ul>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks sweep to fresh highs after strong jobs report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-03 04:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165340887","content_text":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.\nInvestorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.\n\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"\nHeading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.\n\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"\nFriday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.\n“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"\nStill, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.\n\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"\nEven with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.\n“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.\n4:01 p.m. ET: Stocks close higher, S&P 500 posts longest winning streak since August 2020\nHere's where markets closed out on Friday:\n\nS&P 500 (^GSPC): +32.51 (+0.75%) to 4,352.45\nDow (^DJI): +154.4 (+0.45%) to 34,787.93\nNasdaq (^IXIC): +116.95 (+0.81%) to 14,639.33","news_type":1},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}